8.41-Carat Pink Diamond Sells for Record $17.77M

Sotheby's Hong Kong sold an 8.41-carat pear-shape "internally flawless fancy vivid" purple-pink diamond as part of the Magnificent Jewels and Jadeite Autumn Sale 2014 on Oct. 7, 2014 at the Hong Kong Convention and Exhibition Center. The gem, estimated to be worth $12.8 to $15.4 million, sold for a record $17.77 million. The auction house also achieved the world auction record

They probably just made the thing in a lab with one of those new diamond-making machines (would explain why its so flawless). If you ask me, anything that can be artificially created by a machine is automatically worthless. That is why I predict in 100 years or less diamonds will be no more expensive than today's cultured pearls. Heck I bought a diamond-tipped cutting blade for $10 at Home Depot yesterday, the blade literally sparkles with diamonds - it's so pretty - too bad it's meant to be thrown away.

They probably just made the thing in a lab with one of those new diamond-making machines (would explain why its so flawless). If you ask me, anything that can be artificially created by a machine is automatically worthless. That is why I predict in 100 years or less diamonds will be no more expensive than today's cultured pearls. Heck I bought a diamond-tipped cutting blade for $10 at Home Depot yesterday, the blade literally sparkles with diamonds - it's so pretty - too bad it's meant to be thrown away.

Just a few years back there was a story with photos of DeBers dumping cargo trailers loaded with diamonds someplace undisclosed out in the Pacific in order to keep the supplies in check and hence the diamond prices up....